KeyCorp Brokers Boost Earnings Estimates for Kimbell Royalty

Kimbell Royalty (NYSE:KRP) – Stock analysts at KeyCorp boosted their FY2026 earnings per share estimates for shares of Kimbell Royalty in a report issued on Wednesday, June 3rd. KeyCorp analyst T. Rezvan now anticipates that the energy company will post earnings of $0.87 per share for the year, up from their previous estimate of $0.80. KeyCorp currently has a “Overweight” rating and a $17.00 target price on the stock. The consensus estimate for Kimbell Royalty’s current full-year earnings is $0.97 per share. KeyCorp also issued estimates for Kimbell Royalty’s Q2 2027 earnings at $0.21 EPS, Q3 2027 earnings at $0.21 EPS and FY2027 earnings at $0.94 EPS.

Several other research firms also recently weighed in on KRP. Mizuho reduced their target price on Kimbell Royalty from $17.00 to $16.00 and set a “neutral” rating for the company in a report on Friday, February 27th. Citigroup boosted their price target on Kimbell Royalty from $17.00 to $19.00 and gave the company a “buy” rating in a research report on Tuesday, March 31st. Royal Bank Of Canada assumed coverage on Kimbell Royalty in a research report on Friday, May 29th. They issued an “outperform” rating and a $20.00 price target on the stock. Wall Street Zen cut Kimbell Royalty from a “buy” rating to a “hold” rating in a research report on Saturday, March 7th. Finally, Weiss Ratings cut Kimbell Royalty from a “hold (c+)” rating to a “hold (c)” rating in a research report on Thursday, May 14th. Three investment analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the stock. According to data from MarketBeat, Kimbell Royalty has an average rating of “Moderate Buy” and a consensus target price of $18.00.

Kimbell Royalty Stock Up 0.1%

Kimbell Royalty stock opened at $15.28 on Monday. Kimbell Royalty has a fifty-two week low of $11.31 and a fifty-two week high of $15.65. The company has a debt-to-equity ratio of 0.77, a quick ratio of 5.12 and a current ratio of 5.12. The company has a market capitalization of $1.65 billion, a P/E ratio of 33.21 and a beta of 0.29. The stock has a 50-day simple moving average of $14.84 and a 200-day simple moving average of $13.72.

Kimbell Royalty (NYSE:KRP) last posted its earnings results on Thursday, May 7th. The energy company reported $0.04 earnings per share for the quarter, missing the consensus estimate of $0.23 by ($0.19). Kimbell Royalty had a net margin of 22.76% and a return on equity of 11.70%. The firm had revenue of $65.54 million during the quarter, compared to analysts’ expectations of $90.25 million. During the same period in the previous year, the firm posted $0.20 earnings per share. The firm’s revenue for the quarter was down 6.7% on a year-over-year basis.

Hedge Funds Weigh In On Kimbell Royalty

Several institutional investors and hedge funds have recently added to or reduced their stakes in the business. Bridgewealth Advisory Group LLC increased its position in Kimbell Royalty by 5.7% during the 4th quarter. Bridgewealth Advisory Group LLC now owns 14,934 shares of the energy company’s stock worth $176,000 after purchasing an additional 810 shares during the period. Aptus Capital Advisors LLC increased its position in Kimbell Royalty by 0.4% during the 4th quarter. Aptus Capital Advisors LLC now owns 193,021 shares of the energy company’s stock worth $2,270,000 after purchasing an additional 840 shares during the period. Centaurus Financial Inc. increased its position in Kimbell Royalty by 5.0% during the 3rd quarter. Centaurus Financial Inc. now owns 17,999 shares of the energy company’s stock worth $243,000 after purchasing an additional 852 shares during the period. Ruggaard & Associates LLC increased its position in Kimbell Royalty by 8.1% during the 2nd quarter. Ruggaard & Associates LLC now owns 12,740 shares of the energy company’s stock worth $178,000 after purchasing an additional 950 shares during the period. Finally, Hilltop Holdings Inc. increased its position in Kimbell Royalty by 4.2% during the 1st quarter. Hilltop Holdings Inc. now owns 25,000 shares of the energy company’s stock worth $362,000 after purchasing an additional 1,000 shares during the period. Institutional investors and hedge funds own 25.78% of the company’s stock.

Insider Transactions at Kimbell Royalty

In related news, insider Blayne Rhynsburger sold 6,609 shares of the business’s stock in a transaction dated Monday, March 23rd. The stock was sold at an average price of $14.48, for a total value of $95,698.32. Following the transaction, the insider owned 75,163 shares in the company, valued at $1,088,360.24. The trade was a 8.08% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website. 5.60% of the stock is owned by company insiders.

Kimbell Royalty declared that its board has initiated a stock buyback program on Monday, March 9th that allows the company to buyback $100.00 million in outstanding shares. This buyback authorization allows the energy company to reacquire up to 6.4% of its stock through open market purchases. Stock buyback programs are generally a sign that the company’s management believes its stock is undervalued.

Kimbell Royalty Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, May 27th. Investors of record on Tuesday, May 19th were given a $0.41 dividend. This is a boost from Kimbell Royalty’s previous quarterly dividend of $0.37. The ex-dividend date was Tuesday, May 19th. This represents a $1.64 annualized dividend and a yield of 10.7%. Kimbell Royalty’s payout ratio is presently 356.52%.

About Kimbell Royalty

Kimbell Royalty Partners LP (NYSE: KRP) is a mineral and royalty company focused on acquiring and managing oil and natural gas royalty interests in the United States. As a master limited partnership, Kimbell Royalty generates fee-like revenues by collecting royalties and overriding royalty interests on production volumes, without directly bearing the capital or operating costs of drilling and completion activities. The partnership’s business model emphasizes steady cash flows and limited downside exposure to commodity price fluctuations.

The company’s asset portfolio spans multiple onshore basins, with a core concentration in Texas and New Mexico.